One of the best-known incidents in the history of the Bee-Hive is the reorganisation of 1870, which enabled the Junta to put in their own nominee as editor. What has received far less attention is the way in which the process began in 1868. The first intimation of this to the Bee-Hive's readers was the report of the half-yearly shareholders' meeting held on 29 May. After Potter had again stressed the effects of “the great depression in all trades”, Troup, on behalf of the Directors, “laid a plan before the meeting, by which he thought that the paper could be more advantageously carried on in the interests of the shareholders”. No details of this plan are given in the report; but from the ensuing discussion it is clear that it involved far-reaching changes, since Connolly, Whetstone, and others objected that “any alteration in the constitution of the paper” required the sanction of a specially-convened meeting. Having secured this respite, the shareholders then adopted a resolution, moved by Hartwell, which was obviously intended to provide an alternative solution to their problems – that arrangements should immediately be made for canvassing societies and holding district meetings to advocate the taking up of shares. But this was really a forlorn hope. At the special meeting, on 17 June, the discussion mainly centred round a proposal from the floor that a small committee should be elected to protect the shareholders' interests in the “impending negotiations”. Eventually this was withdrawn, and the Directors were empowered to make “such alterations in the management and arrangements of the paper as would probably effect the object they all desired – increased circulation and influence, and the payment of a dividend on the shares”.